Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2020

• 9 November 2020 7:32 pm

  Haldane Hopes Vaccine Will Restore Economy Confidence

  

  Chief economist of the Bank of England (BoE), Andy Haldane, expressed on Monday hopes that news about a new successful COVID-19 vaccination would deliver a quick boost of confidence in the economy, Reuters reported. “I’m not close enough to know how credible today’s Pfizer announcement is, but let’s hope it …

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• 9 November 2020 7:25 pm

  USD Rises amid Vaccine Hopes

  

  The US Dollar (USD) rose on Monday, after it was announced that a new vaccine against the Coronavirus disease (COVID-19) has achieved a success rate of more then 90%. The Dollar index (DXY), which measures the USD performance against a basket of six international currencies, is up by 0.39% at …

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• 9 November 2020 6:47 pm

  S&P 500 Soars to All-time High

  

  The S&P 500 reached a new record high on Monday after Pfizer announced the Corona vaccine, which is more than 90% effective in preventing Covid-19, per Pfizer. At the time of writing, the index increased by 3.75% to 3,640. Meanwhile, the Dow Jones Industrial Average reached an all-time high, up …

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• 9 November 2020 6:15 pm

  USD/JPY Struggling to Restore 104.75

  

  Financial markets kicked off the week with optimism about the US election after all US new platforms announced that Joe Biden had won the election, even though Do Trump would not give up without a court confrontation. However, what gave a strong boost to the markets was the reports that …

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• 9 November 2020 5:39 pm

  Sentix: Eurozone Investor Sentiment Deteriorated in November But Above Expectations

  

  The survey showed investor sentiment in the euro area declined for the second month in a row in November, but the decline was not as severe as some feared, given that the restrictions imposed to curb the outbreak of the Coronavirus did not harm the economy as expected. The Sentix …

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• 9 November 2020 4:40 pm

  S&P 500 Futures Hit Record High on Pfizer’s Vaccine Hopes

  

  US stock futures jumped sharply in the past hour after the pharmaceutical company Pfizer announced that its coronavirus vaccine, in cooperation with German BioNTech, was more than 90% effective in preventing infection. As an initial market response, S&P 500 futures rose to a new record high at 3648. In addition, …

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• 9 November 2020 4:15 pm

  Breaking: Pfizer Says Covid-19 Vaccine 90% Effective And Markets Jump

  

  Pharmaceutical giant Pfizer has said that its COVID-19 vaccine study has shown that it prevents 90% of infections among those who had no evidence of previous infection. The company has been developing a vaccine with Germany’s BioNTech. No fewer than 43,500 have been participating in the Phase 3 trial. Pfizer …

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• 9 November 2020 3:56 pm

  Economic activity in France is 12% Lower Due to Isolation Measures

  

  The French central bank said that economic activity in the country is witnessing a 12% decline this month from its normal level after the country entered into general isolation measures to limit the spread of the Corona virus for the second time this year. The government imposed a new lockdown …

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• 9 November 2020 3:18 pm

  US Dollar Drops to Its Lowest Level in 10 Weeks

  

  The dollar reached its lowest level in ten weeks on November 9 as investors heralded the election of Joe Biden as President of the United States by buying currencies exposed to trade thanks to expectations that a quieter administration in the White House will boost global trade and that monetary …

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• 9 November 2020 2:16 pm

  European Stocks Jump After Biden’s Victory

  

  European stocks jumped Monday as Democrat Joe Biden’s victory in the US presidential election raised hopes for better trade relations between Washington and Europe, and chipmaker Infineon increased thanks to strong earnings expectations. The European Stoxx600 index rose 1.3% by 08:05 GMT, and the German DAX index, which relies on …

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• 9 November 2020 1:39 pm

  Japan’s Nikkei Index Jumps to The Highest Level in Nearly Three Decades

  

  Japan’s Nikkei index reached its highest level in nearly three decades on Monday, November 9, after Joe Biden won the US presidency, while Honda Motor shares led the gains among carmakers thanks to strong earnings numbers. Investors, who were reluctant to buy last week due to political uncertainty in the …

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• 9 November 2020 1:32 pm

  German Exports Rise More Than Expected in September

  

  German exports rose more than expected in September and foreign trade gave a boost to Europe’s largest economy that continued into the fourth quarter of the year as it struggles to avoid slipping into a double-digit deflation. The Federal Statistics Office said exports, adjusted for seasonal factors, rose 2.3% on …

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• 9 November 2020 12:28 pm

  Gold Rises as US Dollar falls on Stimulus Hopes Following Biden’s Victory

  

  Gold prices rose Monday, November 9, to their highest level in nearly two months, driven by the weakening of the dollar and hopes for more stimulus measures due to the Corona virus, under President-elect Joe Biden. Spot gold increased 0.5% to $ 1960.99 an ounce by 05:18 GMT. Earlier in …

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